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1999年,随着新的生产装置竣工投产,亚洲邻二甲苯的产量继续增长。Dewitt公司的估计表明,邻二甲苯产量去年增长了15.3%,达到120多万t,预计今年又将增长8.7%。印度是亚洲市场上邻二甲苯的主要进口国之一,进口量为13万t/a。但是,在信赖工业公司建于印度贾姆那格尔的邻二甲苯生产厂(产量15万t/a)1999年下半年投入生产后,印度的进口需求已大大减少。不过,当地的主要买家仍然继续进口少量的邻二甲苯,这样他们就有两种货源可以比较选择。1999年上半年亚洲厂商还向欧洲出口了邻二甲苯,这是8年来的第一次。欧洲期货市场上邻二甲苯价格较高,而亚洲市场则需求疲软,这两个因素合起来就为商家提供了套汇的机会。
In 1999, the production of o-xylene in Asia continued to grow with the completion of production of new production facilities. Dewitt’s estimates show that o-xylene production increased by 15.3% last year to more than 1.2 million tons and is expected to increase by 8.7% this year. India is one of the major importers of o-xylene in the Asian market, with an import volume of 130,000 t/a. However, after the Reliance Industrial Company’s o-xylene production plant in Jamnagar, India (production 150,000 t/a) was put into production in the second half of 1999, the import demand of India has been greatly reduced. However, major local buyers continue to import small amounts of o-xylene, so that they have two sources of choice to compare. In the first half of 1999, Asian manufacturers also exported o-xylene to Europe for the first time in eight years. The high price of o-xylene in Europe’s futures market and the weak demand in Asian markets combine to provide merchants with opportunities for arbitrage.